Global Business Travel Q1 EPS $(0.04) Misses $0.04 Estimate, Sales $610.00M Miss $624.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Business Travel (GBTG) reported Q1 EPS of $(0.04), missing the $0.04 estimate, and sales of $610M, missing the $624.28M estimate. This represents a 33.33% improvement in EPS and a 5.54% increase in sales year-over-year.
May 07, 2024 | 11:48 am
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Global Business Travel reported a Q1 EPS of $(0.04), missing estimates, and sales of $610M, also below expectations. Year-over-year, EPS and sales showed improvements.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvements in EPS and sales indicate underlying growth, which might mitigate some negative impacts.
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